SIAM CEMENT UNSP.ADS/1 (TCM) - Net Assets
Based on the latest financial reports, SIAM CEMENT UNSP.ADS/1 (TCM) has net assets worth €396.84 Billion EUR (≈ $463.95 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€821.59 Billion ≈ $960.53 Billion USD) and total liabilities (€424.75 Billion ≈ $496.58 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore TCM operating cash flow to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €396.84 Billion |
| % of Total Assets | 48.3% |
| Annual Growth Rate | -3.09% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.38 |
SIAM CEMENT UNSP.ADS/1 - Net Assets Trend (2021–2025)
This chart illustrates how SIAM CEMENT UNSP.ADS/1's net assets have evolved over time, based on quarterly financial data. Explore long-term investment intensity of SIAM CEMENT UNSP.ADS/1 to see how much of total assets are deployed in long-term investments.
Annual Net Assets for SIAM CEMENT UNSP.ADS/1 (2021–2025)
The table below shows the annual net assets of SIAM CEMENT UNSP.ADS/1 from 2021 to 2025. For live valuation and market cap data, see how much is SIAM CEMENT UNSP.ADS/1 worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €396.84 Billion ≈ $463.95 Billion |
-5.46% |
| 2024-12-31 | €419.78 Billion ≈ $490.77 Billion |
-4.94% |
| 2023-12-31 | €441.60 Billion ≈ $516.27 Billion |
-2.39% |
| 2022-12-31 | €452.42 Billion ≈ $528.93 Billion |
+0.54% |
| 2021-12-31 | €450.01 Billion ≈ $526.11 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to SIAM CEMENT UNSP.ADS/1's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €379.16 Billion | 112.28% |
| Total Equity | €337.70 Billion | 100.00% |
SIAM CEMENT UNSP.ADS/1 Competitors by Market Cap
The table below lists competitors of SIAM CEMENT UNSP.ADS/1 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JSW Infrastructure Limited
NSE:JSWINFRA
|
$6.30 Billion |
|
Orica Limited
F:ICA
|
$6.30 Billion |
|
CPI Property Group S.A
F:O5G
|
$6.30 Billion |
|
Yunnan Copper Co Ltd
SHE:000878
|
$6.31 Billion |
|
Paycom Software, Inc.
NYSE:PAYC
|
$6.30 Billion |
|
Spyre Therapeutics Inc.
NASDAQ:SYRE
|
$6.30 Billion |
|
Jiangxi Copper Company Limited
F:JIX
|
$6.29 Billion |
|
GDS Holdings Limited
F:G40
|
$6.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SIAM CEMENT UNSP.ADS/1's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 352,887,333,000 to 337,702,326,000, a change of -15,185,007,000 (-4.3%).
- Net income of 14,075,020,000 contributed positively to equity growth.
- Dividend payments of 5,999,792,000 reduced retained earnings.
- Other factors decreased equity by 23,260,235,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €14.08 Billion | +4.17% |
| Dividends Paid | €6.00 Billion | -1.78% |
| Other Changes | €-23.26 Billion | -6.89% |
| Total Change | €- | -4.30% |
Book Value vs Market Value Analysis
This analysis compares SIAM CEMENT UNSP.ADS/1's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.02x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €304.74 | €5.10 | x |
| 2022-12-31 | €311.88 | €5.10 | x |
| 2023-12-31 | €303.30 | €5.10 | x |
| 2024-12-31 | €294.07 | €5.10 | x |
| 2025-12-31 | €281.42 | €5.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SIAM CEMENT UNSP.ADS/1 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.83%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 2.43x
- Recent ROE (4.17%) is below the historical average (6.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 12.90% | 8.90% | 0.62x | 2.35x | €10.60 Billion |
| 2022 | 5.71% | 3.75% | 0.63x | 2.42x | €-16.04 Billion |
| 2023 | 7.12% | 5.19% | 0.56x | 2.46x | €-10.48 Billion |
| 2024 | 1.80% | 1.24% | 0.59x | 2.44x | €-28.95 Billion |
| 2025 | 4.17% | 2.83% | 0.60x | 2.43x | €-19.70 Billion |
Industry Comparison
This section compares SIAM CEMENT UNSP.ADS/1's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $367,912,637,700
- Average return on equity (ROE) among peers: 5.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SIAM CEMENT UNSP.ADS/1 (TCM) | €396.84 Billion | 12.90% | 1.07x | $6.30 Billion |
| CK HUTCHISON HLDGS ADR 1 (2CKA) | $644.25 Billion | 5.20% | 0.88x | $26.54 Billion |
| NRW Holdings Limited (3NR) | $610.12 Million | 14.04% | 1.44x | $1.52 Billion |
| Orbia Advance Corporation S.A.B. de C.V (4FZ) | $3.68 Billion | 5.28% | 1.65x | $2.11 Billion |
| Sumitomo Mitsui Construction Co. Ltd (72S) | $30.07 Billion | 13.97% | 7.34x | $505.15 Million |
| Pampa Energía S.A (9PAA) | $67.68 Billion | 12.46% | 2.16x | $3.74 Billion |
| ASAHI KASEI CORP. ADR/2 (ASA) | $1.70 Trillion | -5.42% | 1.04x | $11.73 Billion |
| BayWa Aktiengesellschaft (BYW) | $1.05 Billion | 5.85% | 4.38x | $37.78 Million |
| BayWa AG vNa (BYW6) | $1.71 Billion | -5.73% | 6.31x | $175.44 Million |
| HPI AG (CEW3) | $0.00 | 0.00% | 0.00x | $215.77K |
| CITIC LTD. ADR/5 HD-40 (CPF0) | $1.23 Trillion | 5.26% | 7.54x | $39.45 Billion |
About SIAM CEMENT UNSP.ADS/1
The Siam Cement Public Company Limited, together with its subsidiaries, operates in the cement and building materials, chemicals, and packaging businesses in Thailand and internationally. It operates through SCG Cement and Green Solutions; SCG Smart Living and SCG Distribution and Retail; SCG Decor; SCG Chemicals; SCGP; and Other segments. The SCG Cement and Green Solutions segment produces cemen… Read more